*ST惠天(000692) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,204,283,959.89, representing a 0.84% increase compared to ¥1,194,215,327.28 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥37,007,513.32, an improvement of 76.91% from a loss of ¥160,241,400.15 in the previous year[4] - The net cash flow from operating activities was a negative ¥588,284,151.88, which is a 19.63% improvement compared to a negative ¥731,995,576.25 in the same period last year[4] - The weighted average return on net assets improved significantly to -22.43% from -169.72% year-on-year, reflecting a 147.29% change[4] - The basic and diluted earnings per share improved to -0.0695 from -0.3007, marking a 76.89% increase[4] - The net profit for the current period is -52,761,394.57 yuan, compared to -167,422,127.63 yuan in the previous period, showing an improvement of approximately 68.4%[17] - Operating profit for the current period is -51,774,529.32 yuan, significantly better than -167,113,811.01 yuan from the previous period, indicating a reduction in losses[17] - The total comprehensive income for the current period is -52,761,394.57 yuan, compared to -167,422,127.63 yuan in the previous period, showing a significant reduction in losses[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,389,970,459.58, down 5.89% from ¥5,727,163,852.25 at the end of the previous year[4] - The equity attributable to shareholders decreased by 17.80% to ¥150,842,774.99 from ¥183,515,645.44 at the end of the previous year[4] - The company's net profit margin is under pressure, with total liabilities decreasing to ¥5,227,315,366.95 from ¥5,516,082,007.92, a decline of approximately 5.3%[14] - Current assets totaled ¥1,674,478,500.16, down from ¥1,953,351,421.47, indicating a decrease of about 14.3%[14] - Cash and cash equivalents significantly dropped to ¥199,465,313.70 from ¥559,262,256.65, a decline of approximately 64.3%[14] - Accounts receivable increased to ¥626,946,861.34 from ¥410,623,107.04, reflecting a growth of about 52.7%[14] - Inventory levels decreased to ¥284,796,773.34 from ¥487,663,129.41, a reduction of approximately 41.6%[14] - The company reported a total equity of ¥162,655,092.63, down from ¥211,081,844.33, indicating a decrease of about 22.9%[15] - Long-term borrowings increased to ¥196,377,889.92 from ¥184,094,367.05, reflecting a growth of approximately 6.9%[14] Cash Flow - Cash flow from operating activities shows a net outflow of -588,284,151.88 yuan, an improvement from -731,995,576.25 yuan in the previous period[18] - Cash flow from investing activities resulted in a net outflow of -85,769,032.28 yuan, compared to -69,834,209.84 yuan in the previous period, indicating increased investment activity[19] - Cash flow from financing activities generated a net inflow of 300,453,517.33 yuan, down from 502,427,090.41 yuan in the previous period, reflecting a decrease in financing activities[19] - The total cash and cash equivalents at the end of the period stand at 146,266,879.14 yuan, slightly down from 150,311,946.23 yuan in the previous period[19] - The company received cash from sales of goods and services amounting to 41,412,537.51 yuan, an increase from 36,594,957.82 yuan in the previous period[18] - The company incurred operating cash outflows totaling 631,172,383.98 yuan, a decrease from 771,521,945.03 yuan in the previous period[18] Strategic Developments - The company plans to invest in the construction of the Shenyang Quansheng 2×350MW thermal power project to enhance profitability and sustainable development[10] - The company appointed a new chairman and general manager, Zheng Yun, following the resignation of the previous chairman and general manager, Chen Weiguo[10] Operating Costs - Total operating costs decreased to ¥1,241,907,857.62 from ¥1,347,360,948.31, marking a reduction of about 7.8%[16]